8) Given the information in the table above, if the world equilibrium price of widgets were 4<\/p>
cloth, then A) both countries could benefit from trade with each other.<\/p>
B) neither country could benefit from trade with each other.<\/p>
C) each country will want to export the good in which it enjoys comparative advantage.<\/p>
D) neither country will want to export the good in which it enjoys comparative advantage.<\/p>
E) both countries will want to specialize in cloth.<\/p>
Why is the right answer is A <\/p>", "transcribed_text": "", "related_book": { "title": "International Economics", "isbn": "73523178, 978-0077769529, 007776952X, 978-0073523170", "edition": "15th edition", "authors": "Thomas A. Pugel", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/867.jpg", "uri": "\/textbooks\/international-economics-15th-edition-867", "see_more_uri": "" }, "free_related_book": { "isbn": "B08SV3YGK4", "uri": "\/textbooks\/connect-and-lead-choice-theory-leadership-at-work-stories-and-tools-for-more-effective-leadership-1st-edition-979-8592696084-233866", "name": "Connect And Lead Choice Theory Leadership At Work Stories And Tools For More Effective Leadership", "edition": "1st Edition" }, "question_posted": "2024-06-11 10:07:38", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/the-data-from-exercise-1665-on-weight-in-grams-and", "description": "The data from Exercise 16.65 on weight (in grams) and length (in centimeters) from the nose to the beginning of the tail for four species of fish caught in Lake Laengelmaevesi, Finland. 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